Schrank Company is trying to decide how many units of merchandise to order each month. The...
Schrank Company is trying to decide how many units of merchandise to order each month. The company's policy is to have 25% of the next month's sales in inventory at the end of each month. Projected sales for August, September, and October are 37,000 units, 27,000 units, and 47,000 units, respectively. How many units must be purchased in September?
Homework Answers
Answer- Units must be purchased in September= 32000 units.
Explanation- Sales units in September+ Closing inventory- Opening inventory
= 27000 units+ (47000 units*25%)- ($27000 units*25%)
= 27000 units+ 11750 units- 6750 units
= 32000 units
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